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#11
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Minimum Wage debate
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#12
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Minimum Wage debate
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#13
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Minimum Wage debate
On 3/5/2014 7:08 PM, F.O.A.D. wrote:
On 3/5/14, 6:18 PM, KC wrote: On 3/5/2014 10:22 AM, Mr. Luddite wrote: Can any of our resident economic experts explain how raising the minimum wage helps anyone? The cost of goods sold reflect the cost of selling those goods. If the minimum wage is raised, the cost of selling increases causing the cost of goods to increase, resulting in going back to square one in terms of what is affordable to everyone. The only way it makes sense to me is if the minimum wage is raised but the cost of goods stays the same. That isn't going to happen. The one and only thing positive that comes from it is more solid democrat voters... It is absolutely laughable that some of you fellas in higher income brackets want to curtail the meager wages of those in the bottom brackets, and it is so, so, so modern-day Republican of you. Does the cost of goods and services reflect the totally out of whack paychecks of CEOs who take home multi-million dollar salaries? More progressive nations have higher minimum wages for their workers, and most of them get health care, mandated vacation time, sick leave, maternity leave and pensions. In this country, everything goes to the 1 or 2% and the lower middle class and lower income groups get...****ed. Except for Scotty, of course, whose services aren't worth half of minimum age. Still doesn't answer or address my question which is legitimate, I think. If wages are increased (especially by law) it goes to reason that the cost of services and goods will rise because the cost of labor has gone up. If they rise, what is the benefit to those now earning a slightly higher minimum wage who partake of those services and goods? I hear all the justifications offered by the politicians. Higher minimum wages means more employee loyalty, happy employees, and an increase in business creating more jobs. Wonderful sounding story but a bit of a fairy tale to me. Simply raising the minimum wage will quickly result in the same relative state that exists now. I'd rather see training and educational programs being promoted that will allow those who want to increase their income to have the skills and training that command higher wages. |
#14
posted to rec.boats
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Minimum Wage debate
On 3/5/2014 7:49 PM, BAR wrote:
In article , says... Can any of our resident economic experts explain how raising the minimum wage helps anyone? The cost of goods sold reflect the cost of selling those goods. If the minimum wage is raised, the cost of selling increases causing the cost of goods to increase, resulting in going back to square one in terms of what is affordable to everyone. The only way it makes sense to me is if the minimum wage is raised but the cost of goods stays the same. That isn't going to happen. The companies have "extra" money laying around that they can spend of increasing their employees pay. Across the board increases in the minimum wage paid to unskilled or semi-skilled workers can have a larger impact on a company than realized by many. It often results in pressure to raise wages across the board for higher paid skilled labor as well. It's tough for some people who have skills and/or are attending school or training to make themselves more valuable to accept the fact that others are getting raises simply because some law says so. |
#15
posted to rec.boats
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Minimum Wage debate
On Wed, 05 Mar 2014 20:43:05 -0500, "Mr. Luddite" wrote:
On 3/5/2014 7:08 PM, F.O.A.D. wrote: On 3/5/14, 6:18 PM, KC wrote: On 3/5/2014 10:22 AM, Mr. Luddite wrote: Can any of our resident economic experts explain how raising the minimum wage helps anyone? The cost of goods sold reflect the cost of selling those goods. If the minimum wage is raised, the cost of selling increases causing the cost of goods to increase, resulting in going back to square one in terms of what is affordable to everyone. The only way it makes sense to me is if the minimum wage is raised but the cost of goods stays the same. That isn't going to happen. The one and only thing positive that comes from it is more solid democrat voters... It is absolutely laughable that some of you fellas in higher income brackets want to curtail the meager wages of those in the bottom brackets, and it is so, so, so modern-day Republican of you. Does the cost of goods and services reflect the totally out of whack paychecks of CEOs who take home multi-million dollar salaries? More progressive nations have higher minimum wages for their workers, and most of them get health care, mandated vacation time, sick leave, maternity leave and pensions. In this country, everything goes to the 1 or 2% and the lower middle class and lower income groups get...****ed. Except for Scotty, of course, whose services aren't worth half of minimum age. Still doesn't answer or address my question which is legitimate, I think. If wages are increased (especially by law) it goes to reason that the cost of services and goods will rise because the cost of labor has gone up. If they rise, what is the benefit to those now earning a slightly higher minimum wage who partake of those services and goods? I hear all the justifications offered by the politicians. Higher minimum wages means more employee loyalty, happy employees, and an increase in business creating more jobs. Wonderful sounding story but a bit of a fairy tale to me. Simply raising the minimum wage will quickly result in the same relative state that exists now. I'd rather see training and educational programs being promoted that will allow those who want to increase their income to have the skills and training that command higher wages. |
#16
posted to rec.boats
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Minimum Wage debate
On Wed, 05 Mar 2014 20:43:05 -0500, "Mr. Luddite" wrote:
On 3/5/2014 7:08 PM, F.O.A.D. wrote: On 3/5/14, 6:18 PM, KC wrote: On 3/5/2014 10:22 AM, Mr. Luddite wrote: snipped The important stuff: I hear all the justifications offered by the politicians. Higher minimum wages means more employee loyalty, happy employees, and an increase in business creating more jobs. Wonderful sounding story but a bit of a fairy tale to me. No, it's true. But the loyalty goes to the ones who got the higher minimum wage, not the employer who's forced to pay it. Loyalty results in votes. Everything you say is true, but it's at too much depth for the average minimum wage earner, or FOAD, to understand. |
#17
posted to rec.boats
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Minimum Wage debate
On Wednesday, March 5, 2014 8:56:37 PM UTC-5, Mr. Luddite wrote:
On 3/5/2014 7:49 PM, BAR wrote: In article , says... Can any of our resident economic experts explain how raising the minimum wage helps anyone? The cost of goods sold reflect the cost of selling those goods. If the minimum wage is raised, the cost of selling increases causing the cost of goods to increase, resulting in going back to square one in terms of what is affordable to everyone. The only way it makes sense to me is if the minimum wage is raised but the cost of goods stays the same. That isn't going to happen. The companies have "extra" money laying around that they can spend of increasing their employees pay. Across the board increases in the minimum wage paid to unskilled or semi-skilled workers can have a larger impact on a company than realized by many. It often results in pressure to raise wages across the board for higher paid skilled labor as well. It's tough for some people who have skills and/or are attending school or training to make themselves more valuable to accept the fact that others are getting raises simply because some law says so. ALL...you know is what you're told. Shut up, ****. |
#18
posted to rec.boats
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Minimum Wage debate
"Mr. Luddite" wrote:
On 3/5/2014 7:08 PM, F.O.A.D. wrote: On 3/5/14, 6:18 PM, KC wrote: On 3/5/2014 10:22 AM, Mr. Luddite wrote: Can any of our resident economic experts explain how raising the minimum wage helps anyone? The cost of goods sold reflect the cost of selling those goods. If the minimum wage is raised, the cost of selling increases causing the cost of goods to increase, resulting in going back to square one in terms of what is affordable to everyone. The only way it makes sense to me is if the minimum wage is raised but the cost of goods stays the same. That isn't going to happen. The one and only thing positive that comes from it is more solid democrat voters... It is absolutely laughable that some of you fellas in higher income brackets want to curtail the meager wages of those in the bottom brackets, and it is so, so, so modern-day Republican of you. Does the cost of goods and services reflect the totally out of whack paychecks of CEOs who take home multi-million dollar salaries? More progressive nations have higher minimum wages for their workers, and most of them get health care, mandated vacation time, sick leave, maternity leave and pensions. In this country, everything goes to the 1 or 2% and the lower middle class and lower income groups get...****ed. Except for Scotty, of course, whose services aren't worth half of minimum age. Still doesn't answer or address my question which is legitimate, I think. If wages are increased (especially by law) it goes to reason that the cost of services and goods will rise because the cost of labor has gone up. If they rise, what is the benefit to those now earning a slightly higher minimum wage who partake of those services and goods? I hear all the justifications offered by the politicians. Higher minimum wages means more employee loyalty, happy employees, and an increase in business creating more jobs. Wonderful sounding story but a bit of a fairy tale to me. Simply raising the minimum wage will quickly result in the same relative state that exists now. I'd rather see training and educational programs being promoted that will allow those who want to increase their income to have the skills and training that command higher wages. How about the welfare collectors have to do meaningful work? Clean streets of trash, etc. a new CCC. As to the minimum wage raise, does that cause a loss of exports on low end labor assisted goods, because the price had to be raised to pay those wages? |
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